fpml:electricityPhysicalLeg

Physically settled electricity leg.

Element information

Content

• Sequence [1..1]
  from type fpml:PhysicalSwapLeg
  from group fpml:PayerReceiver.model
  fpml:payerPartyReference [1..1]    A reference to the party responsible for making the payments defined by this structure.
  fpml:payerAccountReference [0..1]    A reference to the account responsible for making the payments defined by this structure.
  fpml:receiverPartyReference [1..1]    A reference to the party that receives the payments corresponding to this structure.
  fpml:receiverAccountReference [0..1]    A reference to the account that receives the payments corresponding to this structure.
  1. fpml:deliveryPeriods [1..1]    The different options for specifying the Delivery or Supply Periods. Unless the quantity or price is to vary periodically during the trade or physical delivery occurs on a periodic basis, periodsSchedule should be used and set to 1T.
  2. fpml:settlementPeriods [1..*]    The specification of the Settlement Periods in which the electricity will be delivered. The Settlement Periods will apply from and including the Effective Date up to and including the Termination Date. If more than one settlementPeriods element is present this indicates multiple ranges of Settlement Periods apply to the entire trade - for example off-peak weekdays and all day weekends. Settlement Period ranges should not overlap.
  3. fpml:settlementPeriodsSchedule [0..1]    The specification of the Settlement Periods in which the electricity will be delivered for a "shaped" trade i.e. where different Settlement Period ranges will apply to different periods of the trade.
  4. fpml:loadType [0..1]    LoadType is a summary of the full description of the settlement periods with respect to the region. Used for describing Electricity delivery schedules (e.g. Base, Peak, Off-Peak, Custom).
  5. fpml:electricity [1..1]    The specification of the electricity to be delivered.
  6. fpml:deliveryConditions [1..1]    The physical delivery conditions for the transaction.
  7. fpml:deliveryQuantity [1..1]    The different options for specifying the quantity.

Attributes

Used in

• Group fpml:CommoditySwapDetails.model
• Type fpml:CommoditySwap via reference to fpml:CommoditySwapDetails.model (Element fpml:commoditySwap)
• Type fpml:CommoditySwaptionUnderlying via reference to fpml:CommoditySwapDetails.model (Element fpml:commoditySwap)

Substitution hierarchy

• fpml:commoditySwapLeg
  • can be substituted with fpml:electricityPhysicalLeg

Sample instance

<electricityPhysicalLeg>
   <payerPartyReference href="partyA"/>
   <receiverPartyReference href="partyB"/>
   <deliveryPeriods>
      <periodsSchedule>
         <periodMultiplier>1</periodMultiplier>
         <period>T</period>
         <balanceOfFirstPeriod>false</balanceOfFirstPeriod>
      </periodsSchedule>
   </deliveryPeriods>
   <settlementPeriods id="settlementPeriods">
      <duration>1Hour</duration>
      <applicableDay>MON</applicableDay>
      <applicableDay>TUE</applicableDay>
      <applicableDay>WED</applicableDay>
      <applicableDay>THU</applicableDay>
      <applicableDay>FRI</applicableDay>
      <startTime>
         <time>
            <hourMinuteTime>07:00:00</hourMinuteTime>
            <location>America/Chicago</location>
         </time>
      </startTime>
      <endTime>
         <time>
            <hourMinuteTime>22:00:00</hourMinuteTime>
            <location>America/Chicago</location>
         </time>
      </endTime>
      <excludeHolidays>NERC</excludeHolidays>
   </settlementPeriods>
   <loadType>Peak</loadType>
   <electricity>
      <type>Electricity</type>
   </electricity>
   <deliveryConditions>
      <deliveryPoint deliveryPointScheme="http://www.PartyA.com/delivery-point-scheme-power-1-0">ErcotNorthCongestionZone</deliveryPoint>
      <deliveryType>
         <firm>
            <forceMajeure>true</forceMajeure>
         </firm>
      </deliveryType>
   </deliveryConditions>
   <deliveryQuantity id="deliveryQuantity">
      <physicalQuantity>
         <quantityUnit>MWH</quantityUnit>
         <quantityFrequency>PerSettlementPeriod</quantityFrequency>
         <quantity>200.0</quantity>
         <settlementPeriodsReference href="settlementPeriods"/>
      </physicalQuantity>
   </deliveryQuantity>
</electricityPhysicalLeg>